Advisers have benefited from RDR - Wheatley

Wheatley (pictured) said at a round table RDR update that recent research carried out by NMG Consulting showed adviser revenues were up by an average of 5% post-RDR. Although adviser numbers dropped by about 11% over the last year, this affected mostly banks and building societies, not independent financial advisers, whose numbers had stayed fairly flat over the period, he said. Wheatley claimed:"In terms of number of advisers the falls that we have seen are not in the IFA space, they are in the banks and building societies space. "I think generally the IFAs would say that RDR has ...